Four-Unit Multifamily
516-518 Hallett Street, Bridgeport, CT 06608
For Sale
New
$799,999
Existing apartments include three-bedroom layouts, with washer and dryer connections in select units.
Property Size5,745 SF
Days on Market4
Property Features for 516-518 Hallett Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer hookups
Building Details
Building Size
Year Built
Listing Agency:
Larracuente & Johnson Realty, LLC
Listed By:
Yvette Larracuente
(203) 767-9111
Source:
Higginsgroup
Added: Nov 6
Last Checked: Nov 8 at 1:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Larracuente & Johnson Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 516-518 Hallett Street in Bridgeport, this RC-zoned multifamily property was built in 1910 and contains four three-bedroom apartments. Washer and dryer hookups are available in some units.
The third floor has two distinct one-bedroom layouts, each with a full bathroom. With proper approvals, these areas could be configured as two additional apartments; alternatively, the second and third floors could be combined into a four-bedroom residence with two full bathrooms.
The third floor has two distinct one-bedroom layouts, each with a full bathroom. With proper approvals, these areas could be configured as two additional apartments; alternatively, the second and third floors could be combined into a four-bedroom residence with two full bathrooms.
Key Highlights
- Four existing apartments, each with three bedrooms
- Third floor has two one‑bedroom layouts, each with a full bathroom
- Some apartments have in‑unit washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,577
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,540
$1.4M
Cap Rate 7%
$965,386
$965.4K
Cap Rate 9%
$750,856
$750.9K
Market Conditions
NOI Build-Up for 5,745 SF
Gross rent
$129.6K $22.56/SF
− Vacancy
−$6.7K −$1.17/SF
EGI
$122.9K $21.39/SF
− OpEx
−$55.3K −$9.62/SF
NOI
$67.6K $11.76/SF
Area
Bridgeport, CT
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,351,540
Cap Rate 7%
$965,386
Cap Rate 9%
$750,856
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$930.6K – $1.24M
NOI $74,450 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$965.4K
$844.7K – $1.13M
NOI $67,577 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,782 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,947
Businesses Nearby
Explore this area
Business Placement
Demographics for 06608, CT
14,312
Population
4,915
Households
2.9
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
1.0 sq mi
ZIP Area
14,312
Density / Sq Mi
$43,008
Median Household Income
$30,524
Median Earnings
$1,311
Median Rent
$222,900
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Bridgeport, CT
Properties on Market for Quadplexes in Bridgeport
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Existing apartments include three-bedroom layouts, with washer and dryer connections in select units.
Where is this quadplex located?
The property is located at 516-518 Hallett Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Four existing apartments, each with three bedrooms; Third floor has two one‑bedroom layouts, each with a full bathroom; Some apartments have in‑unit washer and dryer hookups
